Now they’ve got themselves into a mess. Donald Trump has announced tariffs for Europe that will really hurt. Add to that the devaluation of the US dollar, and a first-rate economic restriction program is spilling over the Atlantic to Europe.
And, …
It is not surprising that Argentina’s situation, with its libertarian president, is being hyped by many media outlets. The libertarian-leaning business editors are eagerly waiting to report on the breakthrough of radical ‘liberal’ ideology. However, when a major international organisation such as the OECD allows itself to be drawn into this political game, …
Trump’s debt plans are an affront to economic reason, says a commentator in Handelsblatt. In 40 years, the US national debt ratio could reach 200 percent. That will not end well. Another commentator in the same newspaper goes so far as to say in an ‘essay’ that the president is weakening the world’s strongest economy ‘at breathtaking speed’ because the new law represents an ‘incalculable debt gamble’. …
Signs and wonders are happening! The German Handelsblatt has recognised that foreign trade surpluses are not necessarily a good thing. Although they have long been regarded in this country as hard proof of German competitiveness, the paper writes that a country’s surpluses inevitably create deficits in other countries, …
